Previous NAS100 was consolidating and continues in a bullish direction and about to retracing back to the resistance level. We look a buy opportunity in situations where our reversal candlestick show a reversal from the resistance level. To maintain our position we look at the continuation patterns. It’s always a good idea to always trade with a breakout opportunity in mind to maximise profits. Therefore, fundamental analysis cannot be ignored during analysis.
Hi. The nas overbought, there was no correction long ago! What could drive you up? Time to correct! Be careful!
tfshika
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@uhljarrobert, Hi. yes it is overbought on H4 but it will take approximately two days for it to start moving bearish. I never said it will continue bearish continuously.